# Personal Wage & Expenses Report

### Inflation Considerations

#### 2022 Q1 Inflation Rates:

* (GDP) Gross domestic product: ***8.1% Increase***
* Food: ***12.0% Increase***
* Food and beverages purchased for off-premises consumption: ***11.4% Increase***
* Gasoline and other energy goods: ***63.1% Increase***

*Numbers provided by United States Bureau of Economic Analysis (See Sources Below)*

#### 2021 Q4 Inflation Rates:

* (GDP) Gross domestic product: ***7.0% Increase***
* Food: ***7.9% Increase***
* Food and beverages purchased for off-premises consumption: ***8.7% Increase***
* Gasoline and other energy goods: ***47.7% Increase***

*Numbers provided by United States Bureau of Economic Analysis (See Sources Below)*

#### Q1 2022 Budget Examples:
| Gas | Grocery | Away Meals | Total |
| ---- | ------- | ---------- | --- |
| $250 | $175 | $300 | $725 |

*Numbers calculated from the budget of Kenny Schmidt in EveryDollor budgeting application.*

#### Q4 2021 Budget Examples:
| Gas | Grocery | Away Meals | Total |
| ---- | ------- | ---------- | --- |
| $150 | $150 | $250 | $550 |

*Numbers calculated from the budget of Kenny Schmidt in EveryDollor budgeting application.*

### Personal Budget Considerations

***Current Example Budget***

Average Monthly Income after tax:
* $2200

Average Est Monthly Expenses

* Gas $250
* Grocery $175
* Out of the House Meals: $300
* Car Maintenance: $150
* Rent: $500
* Health Insurance: $85
* Electric: $75
* Internet: $29.95
* Car Insurance: $70
* Phone Bill: $50
* Clothing: $50
* Retirement Saving: $220
* Generosity/Tithe: $220
* Misc / Unexpected Liabilities: $100
* Total Expenses: $2274.95

***Month Net Loss = ~ $74.95***

*Numbers calculated from the budget of Kenny Schmidt in EveryDollor budgeting application.*

## Comparative Wage Market Values

| Help Desk Technician | IT Technician | It Systems Administrator | It Manager |
| -------- | -------- | -------- | -------- |
|$21 /hour |$23 /hour |$33 /hour |$43 /hour |

*Average IT salaries in North Dakota according to there roles. Exact numbers provided by ZipRecruiter average salary data. (See Sources Below)*

#### Sources list

* [United States Bureau of Economic Analysis Inflation Reports](https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=3&isuri=1&nipa_table_list=38&categories=survey)
* [ZipRecruiter Salary Data](https://www.ziprecruiter.com/Salaries)
* [EveryDollar Budgeting Application](https://www.ramseysolutions.com/ramseyplus/everydollar)